The agreement, which covers new business with an existing customer, includes software licenses, professional services, as well as support and maintenance. Software licenses corresponding to a value of USD 2.8 million are booked in the first quarter of 2022, while remaining revenues are recognized over the full contract period. The total deal value amounts to USD 5.1 million.
“We have in recent years expanded both product portfolio and customer base, through a combination of own development and strategic acquisitions. The new 5G and Wi-Fi contract shows the strength of our product offering and is a clear proof-point of new business through synergies in sales,” says Jan Häglund, President and CEO of Enea.
Enea’s 5G applications and Wi-Fi service management products serve hundreds of millions of subscribers across the world. The software is cloud native and is commercially deployed on multiple platforms, including public cloud providers. Enea’s software applications support the latest 4G, 5G, and Wi-Fi standards.
Contacts
Jan Häglund, President and Chief Executive Officer
E-mail: jan.haglund@enea.com
Lotta Trulsson, Executive Assistant
E-mail: lotta.trulsson@enea.com
About Enea
Enea is one of the world’s leading specialists in software for telecommunications and cybersecurity. The company’s cloud-native products are used to enable and protect services for mobile subscribers, enterprise customers, and connected devices. More than 4.5 billion people rely on Enea technologies in their daily lives.
Enea is headquartered in Stockholm, Sweden, and is listed on Nasdaq Stockholm.
For more information: www.enea.com